Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.
Chicago-based proprietary trading firm Hehmeyer Trading + Investments announced the launch its cryptocurrency index fund to provide access to the cryptocurrency market by investing in a fund that aims to track the performance of the proprietary Hehmeyer Cryptocurrency Index (HCI).
The Hehmeyer Cryptocurrency Index Fund is a new product available only to qualified eligible persons and accredited investors and will be launched as a commodity pool.
“The CFTC has determined that cryptocurrencies are commodities. We believe investors will be best served with a regulated product, and thus are pleased to offer a fund subject to their jurisdiction. Under the helpful eye of the CFTC and NFA, we look forward to providing certain qualified investors access to this evolving market”, said Christopher Hehmeyer, Chief Executive Officer of Hehmeyer Trading + Investments.”
The Fund will be managed by Hehmeyer Capital Management, LLC, a commodity pool operator registered with the Commodity Futures Trading Commission and a member of the National Futures Association.
As the cryptocurrency market is an emerging asset class and regulation is still building up, the Hehmeyer Cryptocurrency Index Fund is one of a few vehicles that provide exposure to this growing asset class with regulatory oversight.
The proprietary Hehmeyer Cryptocurrency Index (HCI) consists of coins selected pursuant to a distinct methodology and is rebalanced monthly. HCI is based on the market capitalization of the cryptocurrency market.
Hehmeyer Capital Management, LLC, the commodity pool operator, is one of the four businesses owned by the trading firm Hehmeyer Trading + Investment. Its focus is to provide unique “liquid alternative investments” and services available to qualified eligible persons.
The other lines of interest of the company include Proprietary Trading (Hehmeyer Trading Group), Digital Investments (Hehmeyer Digital Investments), Professional Trading (Hehmeyer Customer Services).
With 40 years within the industry, Chris Hehmeyer is a board member and/or chairman positions at several industry organizations, including the National Futures Association, the Futures Industry Association, the Board of Trade Clearing Corporation, and the Chicago Board of Trade.
Past roles include being CEO at PensonGHCO, Partner at GH Trader’s, non-executive Vice Chairman at KCG Futures, non-executive Board Member at Wedbush Futures, Regent at the University of the South, CEO at HTG Capital Partners, and others.